Business & Money | Tuesday 11 June, 2024 9:19 am

Masdar City's upcoming developments achieve WiredScore Platinum and SmartScore Gold Certifications

Masdar City, a leading sustainability and innovation hub in Abu Dhabi, has achieved the WiredScore Platinum and SmartScore Gold certifications respectively for its forthcoming Masdar City Square and The Link developments. The WiredScore certifications are a global benchmark in assessing...

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Business & Money | Tuesday 11 June, 2024 9:11 am

ACWA Power board recommends capital hike via SAR 7.125B rights issue

ACWA Power Co.’s board of directors recommended to increasing the company’s capital through a SAR 7.125 billion rights issue, according to a statement to Tadawul. This capital increase aims to anchor its growth strategy of tripling the assets under management by 2030 and enhance its...

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Business & Money | Tuesday 11 June, 2024 8:20 am

Creating a Home Away from Home: Why Expats Are Choosing to Buy Apartments in Dubai Hills Estate for Their Families

Discover a range of domestic options in Dubai Hills Estate, a multicultural regional that affords outdoor pastime and sunlight, along with properly viewed academic establishments. Foreigners are opting to buy apartments in Dubai Hills Estate for expats, a thriving regional community that meets ...

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Business & Money | Monday 10 June, 2024 11:07 am

"Tatweer" Secures Prime Real Estate in Riyadh for Over 750 Million SAR

 Tatweer Company has announced the acquisition of a vast industrial plot in a prime location in the capital city of Riyadh. The land spans approximately 74,000 square meters and was purchased for over 750 million Saudi Riyals during the "Rikaz Auction," which saw extensive participation from...

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Business & Money | Monday 10 June, 2024 9:08 am

Ras Al Khaimah Ruler inaugurates Sobha Modular Industries’ new manufacturing facility in the Emirate

His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, recently inaugurated Sobha Modular Industries’ new manufacturing facility in Al Hamra, Ras Al Khaimah. A subsidiary of Sobha Group,  Sobha Modular Industries manufactures aluminium...

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Business & Money | Monday 10 June, 2024 8:56 am

Emirati Human Resources Development Council offers over 100 job opportunities for UAE citizens

The Emirati Human Resources Development Council in Dubai offered more than 100 job opportunities exclusively for Emiratis. These opportunities were featured in an Open Day event held to foster local talent and provide valuable career opportunities, and saw the participation of several...

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Business & Money | Monday 10 June, 2024 8:53 am

ADNOC fully redeems Exchangeable Bonds in ‘ADNOC Distribution’

Abu Dhabi National Oil Company (ADNOC) PJSC (ADNOC) confirmed that it has redeemed in full its US Dollar-denominated senior unsecured bonds (Exchangeable Bonds) in Abu Dhabi National Oil Company for Distribution PJSC (ADNOC Distribution). ADNOC paid Bondholders a total amount of $1.199 billion ...

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Business & Money | Monday 10 June, 2024 8:47 am

National Building inks SAR 300M contract with Al-Fayzia Real Estate

National Building and Marketing Co. signed today, June 9, a SAR 300 million contract with Al-Fayzia Real Estate Development Co. to build office and residential towers (Al Raed Project), according to a statement to Tadawul. The three-year contract includes carrying out the infrastructure and...

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Business & Money | Monday 10 June, 2024 8:41 am

Al Rajhi Capital to conduct market-making activities on Banan

The Saudi Exchange Co. (Tadawul) approved Al Rajhi Capital’s application for conducting market-making activities on Nomu-listed Banan Real Estate Co. as of June 11.  According to a Tadawul filing today, June 9, the market maker obligations on Banan are as follows: -...

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Business & Money | Monday 10 June, 2024 8:34 am

MSA Novo, King Abdullah University of Science and Technology (KAUST) Sign MoU to Drive Innovation and Growth in Saudi Arabia

In a significant move to bolster the Saudi start-up ecosystem, MSA Novo has signed a memorandum of understanding (MoU) with King Abdullah University of Science and Technology (KAUST). This partnership underscores MSA Novo’s commitment to fostering innovation and entrepreneurship in Saudi...

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